Posts tagged ‘portfolio managers’

Giving a bribe. Close-up of businessman giving money to another man in formalwear

Back to Basics for Insider Trading

Who cares whether the original tipper got a quid pro quo?

Todd Newman and Anthony Chiasson –hedge fund portfolio managers whose 2008 convictions and prison sentences1 for insider trading were just vacated by the Second Circuit Court in New York — can thank a Wall Street insurance analyst by the name of Raymond Dirks for their new-found innocence and freedom.


Negotiating a Lift-Out

Expect some tough issues and complex solutions

Whether it’s because of the Volker Rule, deflated bonuses or industry consolidation, lift-outs of proprietary trading units and hedge fund management teams are in the air. They are certainly cheaper, faster and more surgical ways of acquiring top talent than full-blown mergers or acquisitions.